An Illinois man linked to an elaborate LinkedIn fraud is facing an enforcement action by the Securities and Exchange Commission.
The SEC accuses investment advisor Anthony Fields of Lyons, Ill., of trying to hawk more than $500 billion in securities by using LinkedIn and other social media sites, the Chicago Tribune reports.
The securities were bogus, and Fields didn't even have proper credentials to sell them, the SEC alleges.
Though Fields was apparently acting alone, the practice of using social media like LinkedIn for fraud is on the rise.








